Rishi Sunak announces ‘historic agreement’ by G7 on tax reform

Global tax system is now ‘fit for the global digital age’, chancellor says on deal to tax multinationals

Rishi Sunak has announced a “historic agreement” has been reached to reform the global tax system.

Speaking after a meeting of G7 finance ministers in London, the chancellor said: “I am delighted to announce that today after years of discussion G7 finance ministers have reached a historic agreement to reform the global tax system.

“To make it fit for the global digital age, but crucially to make sure that it is fair so that the right companies pay the right tax in the right places and that’s a huge prize for British taxpayers.”

More to follow …

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